| The KUIK Market Update for Friday, January 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (168) | points | 17,740 | 7:46 AM | ||
| S&P500 | Down | -0.9% | percent | 2,045 | (17.47) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,700 | (35.86) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 2.60 | Annual Yield | ||
| The Labor Department reports the U.S. added 252,000 new jobs in December to extend the strongest hiring streak since the mid-’90s. The unemployment rate fell to 5.6% down from 5.8% and hit the lowest level since June 2008. Wages fell 5 cents, or 0.2%, to $24.57 an hour. That is the first drop since July 2013. The gain over the past 12 months slowed to 1.7%. The labor-force participation rate fell 0.2% in December to 62.7%, matching the postrecession low and a level last seen in 1978. | |||||||
| The Nebraska Supreme Court today approved the route of the proposed TransCanada Keystone XL pipeline through the state, clearing a major roadblock to the project. The ruling ends a legal challenge to a Nebraska law that allowed the Republican governor to determine the route of the pipeline. The Obama administration had cited the Nebraska case as one reason for delaying a final decision on the project. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-adds-252000-jobs-in-december-as-wages-slip-2015-01-09 | |||||||
| http://www.marketwatch.com/story/nebraska-supreme-court-ruling-clears-keystone-pipeline-route-2015-01-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||